Posted on 05/02/2016 11:23:52 AM PDT by reaganaut1
The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.
But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.
Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.
“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "A number of carriers need double-digit increases.”
In some ways, the turmoil is not surprising: Under the health care law, plans are unable to choose who to insure, or how much to charge them based on their medical history. As a result, many plans enrolled a larger proportion of sicker people than they bargained for. But some of those losses were also a function of political wrangling after Republican lawmakers blocked payments that were supposed to help insurers get through the difficult first years.
(Excerpt) Read more at politico.com ...
The march to single-payer continues.
They went along with it. They believed Omama when he said that they would make millions. Now they can go suck it.
No one will accept single payer.
While Obama has been in office, we have only gotten 2 increases....but my rent goes up every year.
Ahh... you can take it to the bank that there will be “unexpected” systems “problems” that prevent the Obamacare on-line system from incorporating the new rates until AFTER THE NOVEMBER ELECTION voting has ended.
This is the Obame Regime after all....hide all bad news...it’s what they do.
Obama’s Revenge. LOL!
How, unless you are the Department of State, can you lose 600 plus million dollars???
If you can’t take care of your sick in the country, forget it, it’s all over. ... I believe in universal healthcare.”
Donald Trump
Come on man, Trump is a conservative...
The dogs bark but the caravan moves on
Trump’s healthcare proposals are published on his web site
Have you read them?
The old HC system wasn't perfect but it was a heck of a lot better than the mess that Obama and the Democrats created.
We are the poster child for having to deal with the mess and I and my wife have documented every phone call with the doctors and insurance companies, noted and experienced first hand all of the promises that turned out to be lies, etc. We have experienced it all!
And now, our premiums are going to go up and we'll have to pay more for the same crappy insurance? And if we don't buy the crappy insurance we will be fined? What a mess!
The Democrats are bankrupting me!
those greedy insurance companies. Better just let the government run everything.
Against the middle class?
Hey, I just posted a quote of his.
You take a quote out of a multi page policy paper and call it a position?
Ok
B bye
Actually, it was a quote from a Larry King interview. And no, I’m not going anywhere. Unless you are in charge of the “No Criticism of Trump Allowed” pogrom.
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